Browsing by Author "Bett,Shadrack"

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    Corporate Governance Practices andPerformance ofan EmployeePension Scheme Within KCBBank
    (Stratford Peer Reviewed Journals and Book Publishing, 2026-03) Gitonga, Esther Njeri; Bett,Shadrack
    Employee pension schemes play a critical role in ensuring long-term financial security for employees, and their performance is largely influenced by the corporate governance practices adopted by the sponsoring institutions. In the Kenyan banking sector, institutions such as KCB Bank have established employee pension schemes to safeguard employees’ retirement benefits; however, limited empirical evidence exists on how corporate governance practices influence the performance of these schemes. With this in mind, this researchexploredthe influence of corporate governance practices on the performance of employee pension schemes within KCB Bank, Kenya. The study specifically examined the effect of board composition, stakeholder involvement, compliance, and structural considerations on the performance of employee pension schemes. Stewardship theory, resource-based view theory,stakeholder theory, systems theory and the Ansoff growth matrix theorywas this study’s theoretical guide. The adopted research design was a descriptive one, targeting a population of 128 respondents drawn from trustees, scheme administrators, fund managers, custodians, secretariat staff, and scheme members. Stratified random samplingmethodled to 64 respondentschosen for this research. Primary data were collected using questionnaires. Content validity was applied to assess validity, while reliability was through using the Cronbach alphafor testing with values within the range of 0.7 being acceptable. Quantitative data were analysed using descriptive statistics, including means and standard deviations, and inferential analysis was done using bothmultiple regression as well as correlation analysis. The findings established that structural considerations had a positive and statistically significant influence on the performance of employee pension schemes, while compliance also demonstrated a positive and significant influence. Board composition and stakeholder involvement showed positive but statistically insignificant influence on pension scheme performance. The study concluded that well-defined pension scheme structures and strict adherence to regulatory requirements are key drivers of pension scheme performance within the banking sector. The study recommended that pension scheme trustees prioritize appropriate pension scheme structures and strengthen compliance mechanisms, while management invests in governance structures that enhance accountability and sustainability of employee pension schemes.